Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$15.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target lifted by Desjardins from C$15.00 to C$15.50 in a research report released on Monday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group upgraded Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 target price for the company in a research report on Friday, April 26th. Raymond James set a C$15.00 price target on Choice Properties Real Est Invstmnt Trst and gave the company an outperform rating in a report on Friday, June 14th. Finally, TD Securities dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$15.19.

Choice Properties Real Est Invstmnt Trst Price Performance

Choice Properties Real Est Invstmnt Trst stock opened at C$14.28 on Monday. The company has a debt-to-equity ratio of 268.38, a current ratio of 0.16 and a quick ratio of 0.13. The company has a market capitalization of C$4.68 billion, a PE ratio of 15.52 and a beta of 0.65. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.79 and a one year high of C$14.51. The business has a 50 day simple moving average of C$13.02 and a 200 day simple moving average of C$13.39.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.